Indian Indices Extend Gains; Bajaj Auto & Bajaj Finance Surge 4%

Tue, 18 May 12:30 pm

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Share markets in India are presently trading on a strong note, tracking gains in global peers.

The BSE Sensex is trading up by 641 points, up 1.3%, at 50,200 levels.

Meanwhile, the NSE Nifty is trading up by 190 points.

Top gainers in NSE today include Bajaj Auto and Bajaj Finance.

The BSE Mid Cap index is trading up by 1.9%.

The BSE Small Cap index is trading up by 1.3%.

On the sectoral front, gains are largely seen in the automobile sector and power sector.

US stock futures are trading higher today. Nasdaq Futures are trading up by 123 points (up 0.9%), while Dow Futures are trading up by 104 points (up 0.3%).

The rupee is trading at 73.02 against the US$.

Gold prices are trading down by 0.3% at Rs 48,334 per 10 grams.

Meanwhile, silver prices are trading up by 0.8% at Rs 73,900 per kg.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund (ETF), said its holdings rose 0.7% to 1,035.93 tonnes on Monday from 1,028.36 tonnes in the prior session.

Among gold ETFs, HDFC Gold ETF and SBI Gold ETF are among the top gainers today.

Speaking of stock markets, in his latest video for Fast Profits Daily, Vijay Bhambwani talks about why he is bullish on PSU stocks.

Back in October 2020, Vijay had recorded a video on PSU stocks, saying they present very good trading opportunities and also investment opportunities.

Vijay is still bullish on these stocks and in the video below, he explains why you should be too.

In news from the pharma sector, Panacea Biotech is among the top buzzing stocks today.

Serum Institute of India CEO Adar Poonawalla on Monday offloaded his entire stake in Panacea Biotech amounting to 5.15% shareholding of the firm for Rs 1.2 billion, through an open market transaction.

The shares were picked by Serum Institute of India (SII).

As per BSE block deal data, Poonawalla sold 31,57,034 scrips he held in the firm at a price of Rs 373.85 per share, taking the total deal value to Rs 1.2 billion.

The shares were picked by SII at the same price, through a separate transaction.

As per shareholding data for March 2021 quarter, both Poonawalla and SII were public shareholders in the firm and held 5.15% and 4.98% stake, respectively.

Panacea Biotech share price is presently trading down by 2%.

Moving on to news from the automobile sector, Tata Motors and Tata Motors DVR shares are in focus today.

Shares of Tata Motors are up 3%, while shares of Tata Motors DVR hit a fresh 52-week high of Rs 156, up 3% on the BSE in intra-day trade ahead of its January-March quarter (Q4FY21) earnings.

In today's meeting, the company's board would also consider a proposal for raising funds by way of issue of one or more instruments including convertible securities of any description or debt securities, through preferential issue, private placements, rights issue or any other methods or combination thereof in the domestic and/or international markets.

Note that shares of Tata Motors have risen as much as 6% after rating agency Moody's upgraded the outlook on the company from "negative" to "stable" due to continued recovery in the firm's consolidated revenue and profitability.

Tata Motors is expecting commercial industry sales to grow at 30% plus in FY22, driven by a sharp recovery in the medium & heavy commercial vehicle (MHCV) segment.

The company's subsidiary Jaguar Land Rover (JLR) has a comprehensive electric vehicle (EV) strategy and will transform its entire portfolio to Battery Electric Vehicle (BEV), with the glide path towards an electric portfolio by 2030.

Tata Motors share price is presently trading up by 3.5%.

Speaking of Tata Motors, note that on a year to date basis, share price of the automobile manufacturing company is up 62% and over the past one year, it has gained a whopping 301% as can be seen from the chart below.

How shares of the company perform in the coming months remains to be seen.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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